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# Holtec Plans 1.36-GW SMR Project at Former Oyster Creek Site
- URL: https://www.industrialbriefs.com/holtec-smr-project-oyster-creek/
- Published: 2026-09-06T08:00:25.000Z
- Updated: 2026-09-06T08:00:24.000Z
- Description: Holtec International plans to develop four SMR-300 reactors at the Oyster Creek site, targeting a 2036 operational date. This project offers significant opportunities for AECM professionals and highlights the shift towards modular nuclear technology.
- Author: IndustrialBriefs
- Tags: engineering, government

![IB_KEY_FACTS:[{"stat":"1.36 GW","label":"**Total capacity of planned SMR-300 units at Oyster Creek.**","sublabel":"This capacity doubles the original reactor's output."},{"stat":"2036","label":"**Target operational year for Holtec's SMR-300 reactors.**","sublabel":"Dependent on securing state and local support and financing."}]](https://industrial-briefs.ghost.io/favicon.ico)

The U.S. Nuclear Regulatory Commission (NRC) has approved a crucial License Termination Plan (LTP) for the Oyster Creek Generating Station, marking a significant step forward in the site's transformation. Holtec International now eyes a 2036 target to bring four new small modular reactor (SMR-300) units online at the Lacey Township site in New Jersey. This development opens new avenues for nuclear energy and presents substantial opportunities for stakeholders in the architecture, engineering, construction, and manufacturing (AECM) sectors.

**What Happened**  
The NRC's approval of the LTP allows Holtec International to transition from decommissioning to development, aiming to build four SMR-300 reactors at the retired Oyster Creek site. Holtec plans for these reactors to be operational by 2036, with a combined output of 1,360 MW, effectively doubling the capacity of the original 636-MW reactor that operated there for nearly five decades. The project, classified as a "Development Phase" opportunity, remains contingent on securing state and local support, financing, and partnerships with equity stakeholders. The decommissioning process, led by a joint venture between Holtec and SNC-Lavalin, is already over halfway complete.

Oyster Creek, originally a 636-MW General Electric Type 2 boiling water reactor, was the oldest operating commercial nuclear power plant in the U.S. until its shutdown in September 2018\. Despite a 20-year license renewal granted in 2009, Exelon Corporation, the plant's then-owner, opted to close it early due to regulatory, environmental, and economic pressures. Holtec acquired the site in 2019 and has been working towards its redevelopment.

**What This Means for Your Business**  
For AECM professionals, the approved LTP and Holtec's SMR-300 project present a significant opportunity to engage in a cutting-edge nuclear development. The project will require extensive expertise in construction, engineering, and project management, offering substantial contract and procurement opportunities. As the nuclear energy sector evolves, compliance with federal standards, including those from the NRC, remains critical. Businesses involved in this project will need to ensure adherence to regulatory requirements and might benefit from exploring federal funding avenues for energy projects.

Additionally, the project highlights an emerging trend in the nuclear sector: the shift towards smaller, modular reactors that promise more flexibility and efficiency. This could influence competitive positioning, with companies that adapt to these technologies gaining a strategic advantage.

**What US Operators Should Watch**  
Decision-makers should track several key factors as this project progresses. First, the timeline for securing state and local approvals will be crucial, as will any changes in regulatory or financial requirements. Operators should also monitor federal funding opportunities and potential incentives for nuclear projects as the U.S. government continues to support clean energy initiatives. Finally, businesses should prepare for future bid opportunities related to the construction and operation of the SMR-300 units at Oyster Creek.

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*Source: https://www.powermag.com/holtec-targets-2036-for-1-36-gw-smr-300-project-at-oyster-creek/.* [*Read the original story ->*](https://www.powermag.com/holtec-targets-2036-for-1-36-gw-smr-300-project-at-oyster-creek/?ref=industrialbriefs.com)